Wells Fargo Deal Barred Proprietary Trades, 2nd Circ. Hears

By Stephanie Russell-Kraft (January 15, 2014, 4:37 PM EST) -- In oral arguments before the Second Circuit on Wednesday, attorneys for Wells Fargo & Co.'s investment banking unit sparred with broker-dealer Williams Trading LLC over the meaning of the language in the contract Williams alleges Wells Fargo breached by engaging in proprietary trading....

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